On 7 July 2015, officials from the U.S. and Vietnam signed an income tax treaty. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers U.S. Federal income taxes imposed by the Internal Revenue Code (excluding social security and unemployment taxes), and the Federal taxes imposed on the investment income of foreign private foundations. It covers Vietnam personal income tax and business income tax.
Service PE
The treaty includes the provision that …